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Live. Work. Play.175 City Island Avenue, Bronx, NY
Factory - Light Manufacturing in Residential with Commercial Overlay
Daniel HickeyReal Estate Salesperson
Office: 914.798.4900 x12283
Mobile: 917.586.0064
For Sale $1,825,000
www.HLCommercialGroup.comApril H. Monaco
Real Estate Salesperson
Office: 914.738.2006 x 12271
Mobile: [email protected]
• 11,000 sf 2 story block construction• 5,000 sf bright workspace• 6,000 sf office and storage• 12,500 sf lot• 2017 Taxes $34,107
• Loading Bay• Updated HVAC• 4 Bathrooms • 10 car parking• Quick access to Hutch & I 95
Rare opportunity to own Factory - Light Manufacturing investment property on City Island with quick access to majorroadways serving all of Bronx and Westchester Counties. 5,000+ sf of open workspace with loading bay bordered on 2 sidesby 2,000 sf of reception and office space and 4,000 sf of deep walk out basement storage. 4 sides of windows provide allday natural light. 10 car parking and lawn on 12,500 sf lot with 7,000 sf building footprint. Building class F5, in residentialR3-A zone with Commercial C2-2 overlay allows wide usage. Great opportunity for investor or owner/user to live, work andplay in this unique Long Island Sound community.
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175 City Island Ave
City Island Ave
NYC SchoolsPS 175
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The information contained in this Offering Memorandum is confidential, furnished solely for the purpose of review by a prospective purchaser of certain information relating to the property mentioned herein (the “Property”), and is not to be used for any otherpurpose or made available to any other person without the prior written consent of HLCG. The material is subject to errors and omissions, and based in part upon information supplied by sources deemed reliable. Summaries of any documents are not intended to be comprehensive or all-inclusive, but rather, only an outline of some of the provisions contained therein. No warranty or representation, expressed or implied, is made by Owner. HLCG or any of their respective affiliates as to the accuracy or completeness of the information herein or any other written or oral communication transmitted to a prospective purchaser in the course of its evaluation of the Property. No legal liability is assumed or to be implied in connection with such information or such other communication. Without limiting the generality of the foregoing, the information shall not be deemed a representation of the state of affairs of the Property since the date of preparation of the information. Prospective purchasers should make their own evaluations, projections and conclusions without reliance upon materials contained herein and conduct their own independent due diligence including engineering and environmental inspections, to determine the condition of the Property and whether the Property I suitable forpurchase and/or investment, as well as the existence of any potentially hazardous materials.This Offering Memorandum was prepared by HLCG and has been reviewed by Owner. It contains select information pertaining to the Property and does not purport to be all inclusive or to contain all of the information a prospective purchaser may desire. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, completion and other factors beyond the preparer’s control and, therefore are subject to material change or variation. An opportunity to reasonably inspect the Property will be made available to qualified prospective purchasers. Any and all parties reviewing this offering memorandum or inspecting the Property shall rely exclusively on their own due diligence and/or investigations.
In this Offering Memorandum, certain documents and other materials are described in summary form. The summaries do not purport to be complete, nor necessarily accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents and consult with their own advisors.
This Offering Memorandum is subject to prior placement errors, omissions, changes or withdrawal without notice or liability and does not constitute a recommendation, endorsement or advice as to the value of the Property by HLCG or the Owner. Each prospective purchaser is to rely solely upon its own investigation, evaluation and judgment to the advisability of purchasing the Property described herein.Owner and HLCG expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any party at any time with or without notice and without liability. Owner shall have no legal commitment or obligation to any purchaser or other party reviewing this Offering Memorandum or making an offer to purchase the Property unless a definitive written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Owner and any conditions to Owner’s obligations thereunder have been satisfied or waived. HLCG is not authorized to make any representations or agreements on behalf of Owner.
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Houlihan Lawrence Commercial Real Estate Group800 Westchester Avenue, Suite S404
Rye Brook, NY 10573914-798-4900
